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Cable Update (GBPUSD)

  • #777,021
  • Sep 21, 2023 4:59am Sep 21, 2023 4:59am
Enough for bear Long 1.2286 SL 1.2270
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #777,022
  • Sep 21, 2023 5:01am Sep 21, 2023 5:01am
Will GU ever buy again?
  • #777,023
  • Sep 21, 2023 5:05am Sep 21, 2023 5:05am
Quoting Yngwie
Enough for bear Long 1.2286
long for the news.. lets slaughter those bears..
  • #777,024
  • Sep 21, 2023 5:06am Sep 21, 2023 5:06am
Last time support broke ,
it was for 37 pips and then price went up from false break
I calling 1.22700 to the low of the day at max
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yes yes yes
  • #777,025
  • Sep 21, 2023 5:07am Sep 21, 2023 5:07am
It’s massively oversold at the moment. The confidence in the government is also fading. a rate rise is required for the pins to get back over 124. Less than an hour
Insane in the Brain..
  • #777,026
  • Sep 21, 2023 5:07am Sep 21, 2023 5:07am
Apparently markets expentancy is now around 50/50 for rate increase. If they increase it then we could see a spike but not tradeble 1 m spike.
  • #777,027
  • Sep 21, 2023 5:08am Sep 21, 2023 5:08am
Quoting OperaniyiFx
Will GU ever buy again?
Avoid that, I'm telling you.
Secret to the Price Action is Liquidity.
  • #777,028
  • Sep 21, 2023 5:08am Sep 21, 2023 5:08am
Hi all,
we did not touch Weekly pivot yet, but broke down red TL which indicates more downside, 1.23117 was 0,618 fib which was also broken
S2 1.2268 for a bounce
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  • #777,029
  • Sep 21, 2023 5:08am Sep 21, 2023 5:08am
Quoting JereMi256
{quote} Setup failed! All positions closed at BE
Re-entry Long

SL -18pips
TP open
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Face 'ur fears & tame 'ur greed
  • #777,030
  • Sep 21, 2023 5:13am Sep 21, 2023 5:13am
Quoting JereMi256
{quote} Re-entry Long SL -18pips TP open {image}
If i were to long at a moment like this, i would consider to use a SL > 30pips

Options will be expired around the same time of MPC- volatility , price can gap down

Your account, your call
More time in the market, does not mean you trade better!
  • #777,031
  • Sep 21, 2023 5:15am Sep 21, 2023 5:15am
...how are you bulls diddling? Alrighty?
Seriously though, this prev 4hr/dly sw lo zone extends down to 2274, but if the data react is the 'wrong' way for the bulls, it could be last one out close the window time?
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Trader with an Edge.
  • #777,032
  • Sep 21, 2023 5:22am Sep 21, 2023 5:22am
Quoting Fardeen1209
{quote} If i were to long at a moment like this, i would consider to use a SL > 30pips Options will be expired around the same time of MPC- volatility , price can gap down Your account, your call
Good piece of advice but I will keep this one tight after yesterday's hit.

If it gets taken, I will call off this week and come back with a fresh plan next week!

Thanks.
Face 'ur fears & tame 'ur greed
  • #777,033
  • Sep 21, 2023 5:26am Sep 21, 2023 5:26am
Come on
Daily low 1.22800
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yes yes yes
  • #777,034
  • Sep 21, 2023 5:28am Sep 21, 2023 5:28am
...@ 2282 current dly lo there are patterns of regular bullish div on 5min upwards osc's and just about on 4hr, and of course dly osc's have been o/s since week's open.
Trader with an Edge.
  • #777,035
  • Sep 21, 2023 5:29am Sep 21, 2023 5:29am
So weekly S1 has now been hit prior to weekly pivot, it appears this week we had one of those 20-30% scenarios. No danger, I had SL’s in place and actually still made money with a long bias. Rest of the week I will be continuing to follow trend. Missed this mornings entry, will look for a retrace to enter short.

Cheers
  • #777,036
  • Sep 21, 2023 5:30am Sep 21, 2023 5:30am
Quoting Fardeen1209
Let see how it play {image}
BOE rate was suppose to deliver me 1.2275
But..
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Reverse to Small buys wider SL

Event driven Liquidity theory
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More time in the market, does not mean you trade better!
  • #777,037
  • Sep 21, 2023 5:33am Sep 21, 2023 5:33am
Quoting Fardeen1209
{quote} BOE rate was suppose to deliver me 1.2275 But.. {image} Reverse to Small buys wider SL Event-driven liquidity "rule of thumb" for scalper
priced in? Maybe.
  • #777,038
  • Sep 21, 2023 5:37am Sep 21, 2023 5:37am
...balance of probabilities still favours a +0.25% rise re Boe/Mpc at 12noon Uk time. Room though for a 'hold' (pause) instead of 'twist' - talk of which has been building over the last 24hrs or so....still favours the former though I think,? but anything can happen.
Trader with an Edge.
  • #777,039
  • Sep 21, 2023 5:38am Sep 21, 2023 5:38am
Quoting Whale
{quote} priced in? Maybe.
Only 50% 25bps hike priced in, to price in the other 50%, we could at least get 60pips in bag
More time in the market, does not mean you trade better!
  • #777,040
  • Sep 21, 2023 5:39am Sep 21, 2023 5:39am
Quoting JereMi256
{quote} Re-entry Long SL -18pips TP open {image}
Added @1.2295
Face 'ur fears & tame 'ur greed
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